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homework 17 - Financial Accounting Homework E9-2 E9-10 P9-2...

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Financial Accounting Homework E9-2; E9-10, P9-2, P9-6 Deferred Tax Problem on Blackboard- Pappa Ditti Calculate Accounts Payable for Turnover Ratio for papa John’s FY 2008 Cost of goods sold/ average accounts payable = 483,587/ (31,157 + 29,148)/2 = 16.02 E9-2 Waner company compelted the salary and wage payroll for March 2009. The payroll provided the following details Salaries and wages earned 200,000 Employee income taxes withheld 40,000 Insurance premiums withheld 1000 FICA payroll taxes 15,000 *15,000 each for employer and employees 1. Give the journal entry to record the payroll for March including employee deductions Salary and Wage expense 200,000 Liability for income taxes with held employees 40,000 Liability for insurance premiums withheld 1000 FICA taxes payable employees 15,000 2. Give the journal entry to record the mployers payroll taxes Payroll tax expense 15,000 FICA taxes payable-employer 15,000 3. Give a combined journal entry to show the payment of amounts owed to governmental agencies.
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